U.S. hotel performance decreased slightly from the previous week but showed improved comparisons with 2019, according to STR‘s latest data through Oct. 22.
Oct. 16-22, 2022 (percentage change from comparable week in 2019*):
- Occupancy: 69.9% (-0.5%)
- Average daily rate (ADR): $157.43 (+16.7%)
- Revenue per available room (RevPAR): $110.11 (+16.1%)
Among the Top 25 Markets, Tampa reported the largest increases over 2019 in occupancy (+7.4% to 75.9%) and RevPAR (+39.2% to $117.28). Tampa has been one of the markets in Florida that have seen a performance lift associated with post-Hurricane Ian demand.
Miami posted the highest ADR increase over 2019 (+32.8% to $221.59).
San Francisco was the only market to post an ADR decline (-8.5% to $234.06).
The steepest RevPAR declines were in San Francisco (-22.0% to $175.30) and Minneapolis (-13.7% to $79.33).
*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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